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Caixin

Chinese companies face worries in quest for Indonesian nickel

Risks rise for reliance on mercurial exporter, which holds 24% of global reserves

Nickel being mined in Indonesia. The metal, which China severely lacks, is widely used to make lithium batteries -- the power source behind electric vehicles.   © Reuters
MANYUN ZOU and LU YUTONG, Caixin | China

Morowali, an Indonesian county with fewer than 200,000 residents, has attracted billions of dollars in investment from Chinese companies.

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